Name: cheated
E-mail:
Employed as: Conductor, for 20-30 years
Posted: 06 December 2017
RRJim
If your retired then you should know that all retirement saving plans
are formulated on a 3% inflation formula. That is playing it moderately
safe. We all know that the government can make or break our entire lives
with the stroke of a pen. We are in the middle of that right now! 4% is
the safest course of action to make sure you are not going to be in the
poor house if the economy tanks, medical insurance companies run rampant
again and our new POTUS doesn't tax us to death or end up taking
control of our RR retirement, which the feds have been trying to do
forever! The feds are never going to tell anyone the whole truth and
nothing but the truth. If they were to tell the American people that
inflation was higher than 2% then people would expect their social
security raises to be treated as the same. Bottom line is, its nice to
get a raise. Of course it is, but every time we get one we end up
having a chunk of this or that taken out of it. If it isn't medical
premiums or out of pocket expenses, it is a raise in our union dues and
a work rule change that screws us out of pay or trip rate changes or
they agree to add a heavier work load on us to cut jobs. Just like the
road crews who are supposed to be working through freight. They have
then doing local road switching work and cut local road jobs out. We
have never ever had a raise that didn't come with a price. As far as
Im concerned 4% is bullshit if they are going to keep pinching out of
it every time!